> Powerboat-World.com
 
 
News Home Video Gallery Newsletters Features FishingBoating MarineBusiness-World Sail-World Australia Australian Cruising
Photo Gallery

 

Sail-World.com : Is the superyacht boom slowing ?

Is the superyacht boom slowing ?

'4000 superyachts but many more still expected'    .
Rumours of a shake-out in the bullet-proof superyacht industry were mooted this week at the Global Superyacht Forum at METS. Organisers The Yacht Report expect almost 600 delegates guests at sessions on topics from private submarines to manning, paint, refit and design.

'The problem is, we've become victims of our own success; the days of the enthusiastic amateur are over,' said Barry Gilmour, chair of Royale Oceanic Ltd, speaking on the first day.

But for the fragmented, almost cottage industry which to date seems to have defied all rules of normal business, any shake-out will probably boil down to the exponential growth curve flattening somewhat. 'We should prepare for the worst, slow growth,' Gilmour said without a smile.

Despite bulging order books, shortages of crew, long delivery times, increasing regulation and graft are clouds on the horizon. Aspiring industry entrants are bedeviled by a lack of industry data.

Most shockingly, yacht owners shelling out hundreds of millions on these luxurious status-symbols may at last be taking some interest in costs, thinking everyone involved is getting rich at their expense - if only anyone could tell.

Indeed, almost every presentation referred to 'a maturing industry'.

'I've had lots of opportunity for shopping,' said Neil Miller in his presentation on Monday. The British businessman, who has made his latest career buying superyacht service businesses, says he would buy more, but many seem not to trouble themselves with disciplines like business plans.

A lawyer in Wednesday's legal seminar observed that many yacht builders' contracts are horrific and, '…they should get real.'

Conversely, speaking by teleconference facilities from New York, Steve Rattner cited an estimated 90,000 families worldwide who can afford a superyacht. With probably fewer than 4,000 delivered, Rattner, who is head of DLJMB Investment but most importantly a yacht owner himself, observed, 'It's the best supply/demand imbalance I've ever seen; I cannot be more bullish on the industry.'

And where there's confusion there's opportunity, as rumours of pots of venture (or vulture) capital seemed to be confirmed by consultants in suits from large international firms who said they'd come to discover what a superyacht actually is.

www.ibinews.com




by IBI Magazine

  

Click on the FB Like link to post this story to your FB wall

http://www.powerboat-world.com/index.cfm?nid=39127

7:57 PM Thu 15 Nov 2007 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


Power Boat News

Pontoon Boats are a hit with families and entertainers by Sanctuary Cove International Boat Show,










Glacier Bay returns to Australia, re-launching at SCIBS by Sanctuary Cove International Boat Show,








Singapore Yacht Show 2014. Boats to make your eyes pop. by Guy Nowell, Sail-World Asia, Singapore










Power to the people at Sanctuary Cove International Boat Show by Sanctuary Cove International Boat Show,


SCIBS VIP lounge back bigger and better in 2014 by Sanctuary Cove International Boat Show,




Singapore Yacht Show 2014. And another thing… by Guy Nowell, Sail-World Asia, Singapore
































Mondo Marine invests in Chinese shipyard
Aqualuma partners with ASMEX 2014 for Welcome function
Kaohsiung to welcome the world for 1st Taiwan International Boat Show *Feature
Changed boating conditions for ski race on Clarence River
Royal Victoria Cup - Cable, Hockney and Shipley victorious
Channel 7 stage returns to Sanctuary Cove International Boat Show
Hainan Rendezvous: suffering from a hangover?
Palm Beach International Boat Show shows healthy attendance
Brisbane Tinnie & Tackle Show - this weekend!
Coastal infrastructure and species loss - Climate Change consequences *Feature
rescueME PLB1 – safety assured in one compact, light package *Feature
Japan's Antarctic whaling program harpooned
All Marine Spares hits the boat show trail in a trailer *Feature
Royal Victoria Cup to take place this weekend
Rowers and ferry masters encouraged to share waterways safely
Go crazy about whales in a special family fun day at the museum
New generation trawler boats - tradition with a twist
Arvor releases new Sportsfish range
AIMEX focuses on commercial show in Asia
Further Australian growth for Stabicraft
Southport Yacht Club will host a free 'Discover Sailing Day'   
Melbourne Boat Show earlier this year - 12 to 16 June   
FinScan digital switching fitted to new rescue vessels   
Kids' Zone a drawcard at Brisbane Tinnie & Tackle Show   
Brisbane Tinnie & Tackle welcomes Engel as stage sponsor   
BIAV appoints new GM   
Trash to Treasure - A seafood story   
Amazing Whales – Evolution and survival opens tomorrow   
Maritime Alert - Dangerous conditions forecast for NSW boaters   
PWC riders brave South Island waters raise $93,000 for melanoma fight   
Solar1 Monte Carlo Cup to take place this July   
12 weeks til Melbourne Boat Show   
First deadline for SCIBS exhibitors looms March 24   
Paul Burt, boating guru, is the face of Sanctuary Cove Boat Show   
Marine Industry loses a loyal servant: Vale Gunter Bruckner   
Positive pass mark for new venue   
Couran Cove signs lease deal with Hope Island Marina   
Phones outpace PCs and TV as preferred device   
UIM Awards Giving Gala - Stefano Casiraghi Memorial Trophy for RYA   
Grand Prix of Qatar - World champ claims victory on home waters   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png   http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL NEW PBW